South Korea’s tech giant Samsung Electronics’ shares soared to a record high on Monday after it predicted a record high operating profit for the second quarter last week.
 
The tech giant was being traded at two-point-42 million won at 9:12 a.m. Monday, up one-point-13 percent from the previous trading session.
 
The shares hit an all-time high of two-point-425 million won at one point during the session.
 
An analyst at NH Investment and Securities raised his target price for the chipmaker from two-point-nine million won to three-point-one million won, expecting the firm to continue to post strong results in the third quarter in the semiconductor market with strong demands for dynamic random-access memory or DRAM.
 
NH Investment and Securities predicted Samsung will take up the largest share in the global chip market next year.